Shareholder Shawn Rader discusses a New York Times article about the movement of people away from traditional senior housing options towards aging at home due to COVID-19, and how it could affect the industry.
Aging at home is the new trend. An article in The New York Times on April 4, 2021, talks about the movement of people away from institutional housing such as nursing homes and senior living facilities which has arisen as a result of the COVID-19 pandemic. Thirty three percent (33%) of the lives lost in America to COVID-19 took place in American nursing homes, assisted living and other long-term facilities.
The result is that a growing number of people want to have mom or dad out of nursing homes and assisted living facilities and to take care of them at home. Although this shift might not be permanent in nature, there is definitely an accelerating trend to allow people to age in their own homes with care provided there. [Read more]
This is an excerpt from a blog post originally written on Gray Area of the Law.
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